211 Reay Crescent

Valley Gardens, Winnipeg

Property score

57.6

Fair

Overall 57.6 · Smaller than most nearby homes

842 sqft (bottom 12%) · Built in 1974 (2 yrs older than avg)

Located in a above-average income area with median household income of ~85k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 shop, and 3 parks nearby

Living Area

Below average

25% smaller than neighborhood avg.

Year Built

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 58%Punjabi · 21%

Past 10 years Valley Gardens sales snapshot (~80% of all data)

Sold Count

652

Median price

325k

$/sqft

$343/sqft

Avg build year

1976

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Property score

57.6 is composed by the two sections below.

Property Score

42.9Low
Living Area842 sqft32Low
Year Built197458Fair
Lot Size5,001 sqft67Good
Neighbourhood Sales Activity42Low

Community Score

79.7Good
Household Income79Good
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

Valley Gardens

How to read: Share of sales in each ~$50k price band for “valley gardens” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110886

Community deep dive

$85K

Median household income

$97K

Average household income

8%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

19%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)561
Labour force participation rate71%
Median age40.0
Avg household size2.7
Unemployment rate7%
Population density2952 / km²

Households & income

Low income (LIM-AT, % pop.)8%
Single-person households19%
Couple families with children26%
Median household income (2020)$85K

Housing

Renter households7%
Condominium dwellings10%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)36%
Visible minority41%
Bachelor's or higher (25–64)34%
Mother tongue (1st)English · 58%
Mother tongue (2nd)Punjabi · 20%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
842 sqft
0255075100
Same streetBottom 8%Same areaBottom 12%CitywideBottom 12%
Same street · Reay Crescent
#66 / 72
Bottom 8% · Avg 1,108 sqft
Same area · Valley Gardens
#1,767 / 2,004
Bottom 12% · Avg 1,117 sqft
Citywide · Winnipeg
#170,731 / 194,458
Bottom 12% · Avg 1,342 sqft

Tax-Assessed Value

around average
312k
0255075100
Same streetBottom 35%Same areaBottom 37%CitywideBottom 33%
Same street · Reay Crescent
#47 / 72
Bottom 35% · Avg 327.8k
Same area · Valley Gardens
#1,255 / 2,004
Bottom 37% · Avg 325.5k
Citywide · Winnipeg
#130,567 / 194,458
Bottom 33% · Avg 390.1k

Year Built

above average
1974
0255075100
Same streetTop 25%Same areaTop 46%CitywideTop 42%

Lot Size

around average
5,001 sqft
0255075100
Same streetBottom 32%Same areaBottom 34%CitywideBottom 45%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

211 Reay Crescent — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 390 m), 1 shopping (nearest 492 m), 3 parks (nearest 152 m).

Search radius
🏫Education1
🛒Shopping1
🌳Parks3

Crime & Safety

Valley Gardens · WPS public data · 2026

Annual incidents

28

2026

vs. city avg

-5%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

71%

Sales History

211 Reay Crescent: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 211 Reay Crescent, Winnipeg

842 sqft Bungalow – Reay Crescent, Valley Gardens

Key Characteristics & Ideal Buyer

This is a compact, single-family home with 842 square feet of living space—well below the average for its street, neighbourhood, and city. It was built in 1974, placing it among the newer homes on Reay Crescent (top 25%) and slightly newer than average across Valley Gardens. The lot is a standard 5,001 square feet, which is close to the neighbourhood median. Its tax-assessed value of $312,000 is also around average for the area, sitting slightly below the local and city medians.

The property’s appeal lies in its ordinariness. It’s a plain, mid-70s bungalow on a modest lot, not oversized or particularly valuable. That makes it an interesting option for someone who values a newer build relative to the street, but doesn’t need much space—a downsizer, a single person, or a couple. It’s not a starter home for a growing family (too small) or a renovation flip (low upside in total value). It could also suit a buyer who wants a lower-maintenance property without the premium of a brand-new build, or someone who prioritizes location over square footage and is willing to trade space for being in this specific pocket of Valley Gardens.

Frequently Asked Questions

  1. Why is the living area ranked so low compared to the street and neighbourhood?
    At 842 sqft, this home is roughly 25–30% smaller than the typical home on Reay Crescent and across Valley Gardens. That doesn’t mean it’s “bad”—it just reflects a narrower footprint. If you’re not someone who uses large rooms or extra bedrooms, the size may not be a drawback at all.

  2. Does the above-average build year actually matter for this property?
    A 1974 build isn’t old, but it’s not new either. The “above average” ranking mostly means it’s newer than many neighbouring bungalows from the 1960s or earlier. It won’t have modern insulation or layouts, but it avoids some of the maintenance headaches of much older homes.

  3. How does the assessed value relate to what I’d actually pay?
    Assessed value ($312k) is a tax baseline, not a market price. Because it’s around average for the area, it suggests the market doesn’t see this home as over- or under-priced relative to its lot and size. Expect an offer close to that range, but a well-maintained interior could justify a slight premium.

  4. What are the downsides of a lot that’s “around average” for the neighbourhood?
    A 5,001 sqft lot is a solid, standard city lot—great for a yard and garden, but not large enough for an addition or a laneway suite without a variance. It also means you’re not getting rare land value that might appreciate significantly over time.

  5. Who should not buy this home?
    Anyone looking for open-concept living, high ceilings, or a property that can be easily expanded. Also, families with two or more kids will find 842 sqft tight. It’s a functional, no-frills home for someone who values a newer build than the street average and doesn’t need extra space.

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